Is Brooklyn Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brooklyn Park has remained a Seller's Market.
Housing Prices in Brooklyn Park, MN
How much do homes in Brooklyn Park, MN cost?
Median Sold Price
$335,933
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Brooklyn Park was $335,933 in April 2024, up 0.3% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72K | $69.5K | -3.5% |
2 Bedrooms | $220K | $225K | +2.3% |
3 Bedrooms | $325K | $325K | 0.0% |
4 Bedrooms | $370K | $365.3K | -1.3% |
5+ Bedrooms | $445K | $450K | +1.1% |
Summary: Brooklyn Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 2.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Osseo | $400K | $539K | +34.8% |
Coon Rapids | $306.7K | $325K | +6.0% |
Brooklyn Center | $276.5K | $292K | +5.6% |
Brooklyn Park | $335K | $335.9K | 0.3% |
Champlin | $369.8K | $364.4K | -1.4% |
Housing Supply in Brooklyn Park, MN
How many homes are available in Brooklyn Park, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
225 | 256 | +13.8% |
Summary: The Brooklyn Park real estate market had 256 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 13 | -7.1% |
2 Bedrooms | 48 | 46 | -4.2% |
3 Bedrooms | 65 | 76 | +16.9% |
4 Bedrooms | 69 | 83 | +20.3% |
5+ Bedrooms | 29 | 38 | +31.0% |
Summary: The Brooklyn Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 31%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 69 | +1.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Brooklyn Park in April 2024, up by 1.5% month-over-month. Of the 69 sold homes, 23% were sold under asking, 22% were sold at asking, and 55% were sold over asking.
Days on Market for Brooklyn Park, MN
How long does it take to sell a home in Brooklyn Park, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 25 Days | +15.5% |
Summary: Homes in Brooklyn Park had an average of 25 days on market in Apr 2024, up by 15.5% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 69 homes were sold in Brooklyn Park; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.